Empire Hotels is a blockchain based platform that provides safe, transparent, end-to-end and low-cost bookings of a variety of the hotel rooms globally available. It provides a fully in-app hotel service such as in-room dining, concierge services, bill review, etc. Empire Hotels aim to revolutionize the hospitality industry.
People generally use platforms such as booking.com or hotels.com to find a well priced room in the desired location. However most of the times there are fees applied to the bookings that are not clearly stated to the users. Hotels and guests are charged with a considerably high fee on bookings, and those platforms usually do not provide any further benefits or features to the users apart from displaying hotel alternatives. Typical third-party booking services such as Kayak and Expedia take advantage of their online monopoly and centralized systems to charge exorbitant fees to users and businesses. Hoteliers state that their rates may make up as much as 25% of the booking revenue.
Empire Hotels is not only a booking platform; it is an end-to-end service that assists the user from the moment of booking to the check-out. Additionally, all the users are registered through an easy-to-use KYC process, where their identity is checked and safely stored in the blockchain. It is safer for users and for hotels.
In Empire Hotels, when a user finds a room they choose if they want to pay with either cryptocurrencies or fiat. When they arrive to the hotel they do not need to proceed to the reception, as the check-in can be done in the app. If the hotel room has a NFC-based door lock, the phone may be used to open the door, as our platform seamlessly integrates with the hotel systems to provide the digital keys to authorised guests. If the phone or the hotel for any reasons do not support this technology, the user is informed in the app to go to the reception with a code only to get the key, as the check-in can still be done in the app. By providing this automated check-in service, Empire Hotels allow users to save their time to enjoy the trip instead of waiting in queues.
All the meals, goods and services requested are seamlessly updated in the users account, allowing anticipated review of their bills, thus saving more time in the check-out, which can be equally processed in the app. This end-to-end service will be
improved over time by the addition of new features and improvement of the existing ones.
Based in London, Empire Hotels mention that its user-friendly platform will be able to process payments in both fiat and cryptocurrencies, and through the use of a decentralized and democratic support system will eliminate registration and commission fees and greatly reduce transaction fees. Empire hotels booking platform powered by its own crypto asset that will rival the likes of booking.com and hotels.com with its 2.99% charges in cryptocurrencies and 7.99% in fiat, as opposed to the typical 15-25% commissions.
Empire Hotels reduces the cost and expands the hotels and guests benefits through the use of blockchain. With a decentralized blockchain economy, there is a direct communication and an improved relationship between businesses and their guests, providing a high level of mutual trust and optimal efficiency.
The hotel industry around the world is valued at $500 billion per year, and astonishingly it is estimated that up to $125 billion is made up of unnecessary costs which are annually shared by hoteliers and guests. On Empire Hotels' decentralized platform, payments are settled on the ledger and it is not be subject to processing overheads. Additionally, the platform charges lower, more reasonable fees for its service, and implements blockchain to ensure all transactions are governed by smart-contracts.
Empire Hotels' vision for the future is a supportive ecosystem, where all users and businesses have the opportunity to truly benefit from the transparency and eradication of the high commission structures of typical online booking platforms. In addition, Empire Hotels aims to simplify actual transactions and greatly reduce security risks as all data is decentralized, cryptographically protected, and traceable, thus protecting the customer.